Business research in China
Last updated 7 years ago
Mr Walsh, said BA would likely have launched a new air route linking Britain directly with Chengdu12 months earlier if Britain’s stringent visa regime for Chinese tourists and business people was more on a par with that of its European rivals. British Airways on Sunday launched weekly direct flights between London and Chengdu, its first new destination in China since 2005. Chinese visitors to Britain have to pay more than for a Schengen visa to visit the UK.
H&M opened 22 stores in China in the third quarter of 2012 and sales rose by 37% when compared to 2011. "Our well received summer collections have resulted in strong sales development in the quarter, particularly in Asia but also in a number of European markets," said chief executive Karl-Johan Persson.
Xiaomi sold $2 billion worth of handsets in China in 2012 and is fast emerging as a force in China, the world’s largest mobile phone market, with revenue forecast to double in 2013. They sold seven million mobile phones in 2012 by using designs that "mimic the look and feel of the iPhone and using marketing that seems right out of Apple’s playbook." It is now the sixth biggest smartphone vendor in China, ranking above Apple. Xiaomi owns about 5% of the market with Apple just behind on 4%.
-Starbucks making a push into the chinese market. -China is a tea-drinking nation. -Starbucks have been in the market for 13 years. -60% of China's emerging coffee house -Why Starbucks is making a good profit in China. -Starbucks did a lot of market research before they entered the Chinese market. -Profit margin of 34.6% in China compared to 21.8% in the U.S
A growing number of American companies are moving their manufacturing back to the United States. IN 2005, A START-UP company from California called ET Water Systems decided to move its manufacturing operations to China. At the time there was a general exodus to Asia in search of lower costs, recalls Mark Coopersmith, the firm’s chief executive.
In china the total GDP figures for 2012 have added up to RMB57.6 trillion. This figure is 10% higher than the national RMB1.9 trillion. . This is not the first time that the combined local figures are higher than the national figure, and the gap between the two is growing. In 2009, the gap was RMB2.68 trillion, in 2011 it was RMB4.6 trillion, and in 2012 it reached RMB5.76 trillion.